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The Times

Cutting unemployment will require an extra $70 to $90 billion in stimulus. Here’s why

  • Written by Brendan Coates, Program Director, Household Finances, Grattan Institute
Cutting unemployment will require an extra $70 to $90 billion in stimulus. Here’s whyShutterstock

After managing the first stage of the COVID-19 crisis so effectively, the government now faces a bigger challenge: getting us back to work.

The official employment figures indicate the scale of what’s needed. In the past two months number of Australians with a job has fallen by 835,000. Millions more are in jobs kept on life...

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